RWA Wealth Partners LLC Has $28.36 Million Position in American Express Company $AXP

RWA Wealth Partners LLC grew its position in American Express Company (NYSE:AXP) by 222.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,371 shares of the payment services company’s stock after acquiring an additional 58,873 shares during the period. RWA Wealth Partners LLC’s holdings in American Express were worth $28,357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Valley Wealth Managers Inc. grew its holdings in American Express by 153.3% during the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after purchasing an additional 46 shares during the period. Manning & Napier Advisors LLC acquired a new stake in shares of American Express in the third quarter valued at approximately $27,000. Access Investment Management LLC bought a new position in shares of American Express during the 2nd quarter worth approximately $26,000. Guerra Advisors Inc acquired a new position in shares of American Express during the 3rd quarter worth approximately $28,000. Finally, Halbert Hargrove Global Advisors LLC raised its stake in American Express by 210.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock valued at $29,000 after acquiring an additional 59 shares during the period. 84.33% of the stock is owned by institutional investors.

American Express Stock Performance

Shares of NYSE:AXP opened at $320.17 on Wednesday. American Express Company has a 12-month low of $220.43 and a 12-month high of $387.49. The company’s 50 day moving average price is $361.55 and its two-hundred day moving average price is $349.17. The firm has a market cap of $219.83 billion, a PE ratio of 20.80, a PEG ratio of 1.36 and a beta of 1.14. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.54 by ($0.01). American Express had a net margin of 15.00% and a return on equity of 33.49%. The company had revenue of ($17,139.00) million during the quarter, compared to the consensus estimate of $18.91 billion. During the same quarter last year, the firm posted $3.04 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Friday, January 2nd were given a $0.82 dividend. The ex-dividend date was Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. American Express’s dividend payout ratio (DPR) is presently 21.31%.

Insider Buying and Selling

In related news, insider Ravikumar Radhakrishnan sold 15,000 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $356.58, for a total value of $5,348,700.00. Following the completion of the transaction, the insider owned 8,945 shares of the company’s stock, valued at $3,189,608.10. The trade was a 62.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Howard Grosfield sold 8,134 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $346.73, for a total transaction of $2,820,301.82. Following the sale, the insider owned 9,433 shares in the company, valued at $3,270,704.09. The trade was a 46.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 73,944 shares of company stock worth $26,114,366 in the last ninety days. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on AXP shares. Truist Financial decreased their price objective on shares of American Express from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. JPMorgan Chase & Co. reduced their target price on shares of American Express from $385.00 to $375.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. UBS Group reissued a “neutral” rating and issued a $395.00 price target on shares of American Express in a report on Wednesday, February 4th. Wells Fargo & Company boosted their price objective on American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, December 17th. Finally, Evercore set a $393.00 target price on American Express in a research note on Tuesday, February 10th. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, American Express has an average rating of “Hold” and an average target price of $352.73.

American Express Company Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.